Math Practice 101
Homework Explained - Math Practice 101

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Grade 7 McGraw Hill Glencoe - Answer Keys
Chapter 2: Percents; Lesson 8: Financial Literacy: Simple Interest


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Extra Practice

Find the simple interest earned to the nearest cent for each principal, interest rate, and time.

Find the simple interest paid to the nearest cent for each loan amount, interest rate, and time.

  • Question 22 (request help)

    Jake received a student loan for $12,000. He plans on paying off the loan in 5 years. At the end of 5 years, Jake will have paid $3,600 in interest. What is the  simple interest rate on the student loan?
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